Ashtead: sharpest tool in the box

The group’s US exposure means it deserves its premium to UK-focused rivals

Dalian Wanda: fishing for funds

Chinese property company taps many sources for cash

US health insurers: as good as it gets

Opportunities for buyers are flatlining as prices peak

Israeli gas: offshore waves

Netanyahu is right to exploit abundant energy opportunities

BP: settling down

The oil group finally has some certainty around its Deepwater Horizon costs. It must use it well

Salesforce: tree, meet sky

Subscription seller spends its way to growth

Persimmon: land bank

Housebuilder’s shares are richly rated, but could remain so for some time

Flow Traders: passive aggressive

A way for stock pickers to play passive investing

Xiaomi: make it up on volume?

When 35m phones is not enough

Chemours: chemical romance

How to make chemicals exciting? Add debt

  • Is there a bubble in Silicon Valley?

    Uber is fundraising at a $50bn valuation; Airbnb at $20bn. Are private tech companies getting massively higher valuations than would be justified in public markets? A recent slideshow from a partner at venture capital firm Andreessen Horowitz argues that, no, there is a not a bubble – at least not anything like the last bubble. Join the Lex team and other FT writers from 5pm to 6pm London time as we dissect this argument. We’d love to hear your thoughts too – comments welcome.

  • Liquidation diet

    Colt Defense, the US gun maker that filed for bankruptcy protection on Monday, had tried to get its bondholders to accept a haircut by showing them just how poorly they would fare should the company have to liquidate. The idea was that bondholders should accept the company’s 45 cents on the dollar offer as a part of a debt restructuring where the company would survive and go forward. Otherwise, bondholders would get nothing in the event that company just held a fire sale for its assets.

    Here’s the value of its assets Colt presented:

  • Deutsche bank: Mr Cryan’s in-tray

    How to diagnose Deutsche Bank’s illness: is it rooted in strategy, execution, culture, or all three? And what can be done by way of a cure? Lex discusses what went wrong under Anshu Jain and what must change under John Cryan.

    Join the discussion at noon(UK time).

  • Malone’s tax play at Time Warner Cable and Bright House

    As John Malone’s tax high jinks go, his gambits in the Charter acquisitions of Time Warner Cable and Bright House Networks are relatively straightforward.

    Here is the tax slide from the investor presentation.

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